Rigrodsky & Long, P.A. Announces Investigation
of DynCorp International Inc.
April 12, 2010 01:30 PM Eastern Daylight Time
WILMINGTON, Del.--(EON: Enhanced Online News)--Rigrodsky & Long, P.A. announces that it is investigating
potential claims against the board of directors of DynCorp International Inc. (“DynCorp” or the “Company”)
(NYSE: DCP) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s
entry into a definitive agreement to be acquired by Cerberus Capital Management, L.P. (“Cerberus”) in a transaction
valued at approximately $1.5 billion.
Under the proposed agreement, DynCorp shareholders will receive $17.55 per share in cash for each share of
DynCorp common stock they own. The investigation concerns whether DynCorp’s board of directors failed to
adequately shop the Company and obtain the best price possible for its shareholders. At least one analyst has set a
price target of $20.00 per share and as recently as DynCorp’s February 3, 2010 third quarter fiscal year 2010
financial results announcement, the Company announced a 15.5% increase in revenue over the third quarter of fiscal
year 2009 and DynCorp’s CEO stated: “with a healthy backlog and pipeline, and two recent acquisitions opening up
new channels to market, we are well positioned for continued growth and value creation supporting defense,
diplomacy, and development initiatives around the globe.” In addition, affiliates of Veritas Capital Fund
Management, L.L.C. have executed a Voting Agreement pursuant to which they have agreed to vote shares owned
by them representing, in the aggregate, 34.9% of the outstanding shares of DynCorp in favor of the transaction.
If you own the common stock of DynCorp and purchased your shares before April 11, 2010, if you have
information or would like to learn more about these claims, or if you wish to discuss these matters or have any
questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth
D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 North
Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to
info@rigrodskylong.com.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates
securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation,
including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and
federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
Contacts
Rigrodsky & Long, P.A.
Seth D. Rigrodsky, Esquire
Noah R. Wortman, Case Development Director
(888) 969-4242
(302) 295-5310
Fax: (302) 654-9430
info@rigrodskylong.com
http://www.rigrodskylong.com
Permalink: http://eon.businesswire.com/news/eon/20100412006743/en/Cerberus/DynCorp-International/Noah-
Wortman